Suppose that $1200 is borrowed for five years at an interest rate of 6% per year, compounded continuously. Find the amount owed, assuming no payments are made until the end. Do not round any intermediate computations, and round your answer to the nearest cent. S

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A: We are authorized to solve only one question, please repost remaining questions Rate of inflation

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Q: Suppose that $12,000$⁢12,000 is deposited for five years at 3%3% APR. Calculate the interest earned…

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